Examlex
Specificity refers to the ability of a screening test to identify only nondiseased individuals who actually do not have the disease.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels.
Actual Level
The real, observed level of activity, production, or performance in a given period.
Actual Results
The real, measured outcomes of business activities, often compared against budgeted or forecasted figures.
Flexible Budget
An adjustable budget that changes or scales according to the level of activity or output, making it more useful for performance evaluation.
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